NSE:HINDALCO Observations: 1) On Daily time frame, It just closed above 10DMA. 10DMA is placed at 466.39 level. Please refer below chart : 1 day Time Frame. 2) On daily time frame, it is still below 21DMA. 21DMA is placed at 483.32 levels. Immediate support is at 460 level. Intermediate resistance is at 470 level range. Major breakout level range is...
Hindalco is taking support from a trendline on daily timeframe, after a good fall it is probably taking a correction/retesting. As on the previous day it has formed a Doji candle. There is a good chance that the price could go up from here in a few days or weeks.
NSE:HINDALCO Observations: 1) On daily time, we can see that it took support from 50DMA and closed above it. 460 to 470 is immediate support range. Breakdown of it, will continues down fall. But if it sustain and take support from it then we can see reversal and an up move. Please refer below chart : 1day Time Frame. ...